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The Acceleration of Emerging Market Swap Clearing

As the market continues to realize the benefits of clearing, demand has built for central counterparties to deliver innovations by launching new cleared products to help alleviate some of the issues faced in bilateral markets.

Since 2014, interest rate swap clearing in G4 currencies has increased 36%, while clearing in the 17 currencies outside of the G4 has soared 161% across the industry. This white paper addresses the reasons driving voluntary clearing of emerging market swaps, including the counterparty, capital and operational efficiencies.